Dubai fintech Ziina lands $850,000 and launches P2P payment app
The start-up’s funding round was led by San Francisco-based Class 5 Global.
Saudi Arabia
Fintech Dapi takes on MENA’s scattered open banking landscape
“The region is super scattered,” says co-founder, Mohammed Aziz, regarding open banking regulations.
Saudi Arabia’s fintech sandbox welcomes nine more start-ups
The sandbox is home to 30 fintechs.
HPS to provide QR-based payments system in Saudi Arabia
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
Moven and STC Pay plan challenger bank in Saudi Arabia
Moven founder announces new bank on social media.
Challenger banks in the Middle East
Featuring challenger banks in the UAE, Bahrain, Saudi Arabia and Israel.
Saudi Arabia’s Riyad Bank pumps $26.7m into new fintech start-up programme
The programme will bring together entrepreneurs and tech companies.
Al Rajhi Bank turns to Temenos for digital revamp
Saudi Arabia’s second largest bank plans “complete renovation”.
Finastra’s Fusion Essence core system savours Saudi success
Saudi Arabia’s Agricultural Development Fund looking for better lendtech.
Saudi Arabia and UAE unite for digital currency dream
Saudi Arabian Monetary Authority and UAE’s central bank unveil Aber project.
Al Rajhi Bank signs for Murex treasury tech
One of the world’s largest Islamic banks signs for Murex’s MX.3 platform.
Ziraat Bankasi KSA in core banking system upgrade with NDC and Temenos
Ziraat Bankasi KSA has upgraded its core banking system, Temenos’ T24, from R10 to R17.
Saudi Arabia going mada with NFC mobile payments by Visa
In an effort to digitise the country by 2030.
Maalem Financing moves to Path Solutions’ iMAL Islamic core banking platform
Saudi Arabian firm will replace legacy systems.
Checkout first PSP to accept payments via Saudi Arabia’s domestic network
Mada’s got it made in the Kingdom.
Saudi Real Estate Refinance Company live on TCS Bancs core system
TCS says this is the “first of its nature deployment in the Middle East region”.
Riyad Bank launches Saudi Arabia’s first contactless payment wristband
Riyad Bank has teamed up with Gemalto for Saudi Arabia’s first range of contactless payment wristbands.
Saudi Arabian Monetary Authority pilots Ripple payments
SAMA like it hot for blockchain-powered payments.
Saudi Arabia to build new testing and certification scheme for payments
FIME to develop a bespoke cloud-based testing platform and certification process.
Saudi stock exchange in post-trade tech revamp with Nasdaq
The Saudi Stock Exchange (Tadawul) has chosen Nasdaq to overhaul its post-trade technology infrastructure, which includes registry, depository and risk management technologies.
Saudi British Bank selects Bolero electronic trade document solutions
The Saudi British Bank (SABB) has chosen Bolero International’s electronic trade document solutions for its corporate clients. According to Bolero, SABB is the first bank in the Kingdom of Saudi Arabia to let its clients initiate transactions electronically – and so “eradicate time-consuming inefficiencies associated with paper documents”. David Dew, managing director, SABB, says the […]
Amlak in core banking software overhaul with Temenos and NDC
Saudi Arabia’s Islamic lender Amlak International has chosen Temenos’ T24 core banking system for a tech revamp. The implementation and delivery will be done by National Data Consultants (NDC), a Pakistan-based system integrator and Temenos partner in the Middle East and Asia. T24 will replace Silverlake Axis’ SIBS core banking system, which has been in […]
Alawwal Bank’s next stop is a coffee shop
Across the world, branches are disappearing or even getting smaller, but Alawwal Bank, with the help of financial services IT consultancy Synechron, has opened a new digital branch in Saudi Arabia in the form of a coffee shop. The Ibda café is located in the Nakheel mall in Riyadh. The bank says customers can open […]
Albilad selects Profile Software’s IMSplus for new custody ops
Albilad Capital, the investment arm of Saudi Arabia’s Bank Albilad, is implementing IMSplus Custody, a specialist solution supplied by Profile Software. IMSplus Custody will support Albilad’s newly launched custodian services department. Albilad Capital operates according to Islamic finance principles and provides financing from equity and debt capital markets for a variety of sectors, including oil […]
Saudi Arabia’s central bank, SAMA, in major tech overhaul
Saudi Arabian Monetary Agency (SAMA), Saudi Arabia’s central bank, is modernising its technology with a range of new solutions from SAP and Calypso. The bank is working SAP to automate the ERP and BI functionality (with SAP’s Business Objects), and is also interested in Bank Analyzer for financial reporting, indicates the vendor. SAP is now […]
Saudi Arabia’s NCB revamps tech platform Islamic finance
Islamic finance specialist firm NCB Capital Company has installed a Charles River front and middle office investment management platform, as part of a drive to improve internal efficiencies in its Saudi business.
Saudi exchange opts for Nasdaq OMX trading engine
Saudi Arabia’s stock exchange the Tadawul has signed a deal with Nasdaq OMX to replace its trading engine with Nasadaq OMX’s X-Stream INET technology, beginning in January 2014.
Bahrain Bourse to install Nasdaq OMX trading engine
The Bahrain Bourse is to replace its trading platform with a new one provided by Nasdaq OMX, as the Bourse aims to become a trading hub in the Persian Gulf region.
Saudi Riyad Bank rebuilds treasury tech with Calypso
Saudi Arabia’s Riyad Bank has chosen technology company Calypso Technology to help revamp its treasury operations and improve its back office.
Bank AlJazira upgrades Saudi data centres with Siemon
Bank AlJazira has commissioned infrastructure specialist Siemon to supply the IT infrastructure for new data centres across Saudi Arabia as part of its strategy for growth and to secure technical advantage. Siemon was selected as the supplier of choice in a competitive tender with two other industry-leading manufacturers. According to Ahmed Al Hassan, head of […]
